Supporting International Standards
Audit Quality in a Multidisciplinary Firm
What the Evidence Shows
Sep 25, 2019 | Surveys & Reports
Developed in partnership with Chartered Accountants Australia and New Zealand (CA ANZ) and the Association of Chartered Certified Accountants (ACCA), this report looks at the evidence surrounding the multidisciplinary model and its relationship with audit quality. It draws from leading academic literature, policy and expert views, and an in-depth study of how regulators worldwide manage risk.
As users of corporate reports demand more information on a broader range of matters, professional services firms have risen to the challenge. The advent of the multidisciplinary firm is the response to meeting current business needs and anticipating emerging demands.
The report shows, by review of research and other related literature, that the multidisciplinary model is one of the best mechanisms to develop the skills, expertise and consistency needed for quality audits. This report is meant to contribute constructively to the international debate on the multidisciplinary firm business model and auditors providing non-audit services.
Copyright © 2022 The International Federation of Accountants (IFAC). All rights reserved.
You must be signed in to the IFAC website in order to submit a comment. If you do not have an account, please register below. IFAC respects your privacy and will not send you unsolicited email or spam. You can subscribe to IFAC publications, change your subscription preferences, or manage your user profile at any time.
Get the latest updates delivered to your inbox
LOOKING FOR BOARD STANDARDS?
Translations & Permissions
Looking to reproduce the standards for your members? Want to include IFAC's publications in your training materials or university course? Learn how we can help.